Ever since U.S. GDP growth peaked in Q3 2018 in rate of change terms, the S&P 500 as priced in gold keeps making lower highs and lower lows.
The S&P 500, as priced in gold, looks a lot less weird than as priced in dollars, since it cancels out some of the stimulus/QE effect.
Ever since U.S. GDP growth peaked in Q3 2018 in rate of change terms, the S&P 500 as priced in gold keeps making lower highs and lower lows. https://t.co/QvrmiFJVxc pic.twitter.com/jerHLq8cYF
— Lyn Alden (@LynAldenContact) June 22, 2020
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